Appian Co. (NASDAQ:APPN – Get Free Report) has been given an average rating of “Hold” by the nine ratings firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $47.67.
Several equities research analysts have commented on APPN shares. The Goldman Sachs Group raised their price target on shares of Appian from $52.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Citigroup raised their price objective on shares of Appian from $40.00 to $57.00 in a research note on Wednesday, June 21st. Morgan Stanley raised their price objective on shares of Appian from $43.00 to $47.00 and gave the company an “equal weight” rating in a research note on Friday, August 4th. Barclays raised their price objective on shares of Appian from $35.00 to $41.00 and gave the company an “underweight” rating in a research note on Friday, August 4th. Finally, Truist Financial raised their price objective on shares of Appian from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, August 7th.
Institutional Trading of Appian
A number of large investors have recently added to or reduced their stakes in the business. Raymond James & Associates boosted its stake in Appian by 15.2% in the 1st quarter. Raymond James & Associates now owns 3,816 shares of the company’s stock worth $232,000 after purchasing an additional 503 shares during the period. Bank of New York Mellon Corp boosted its stake in Appian by 0.3% in the 1st quarter. Bank of New York Mellon Corp now owns 166,769 shares of the company’s stock worth $10,142,000 after purchasing an additional 501 shares during the period. US Bancorp DE boosted its stake in Appian by 8.1% in the 1st quarter. US Bancorp DE now owns 5,838 shares of the company’s stock worth $355,000 after purchasing an additional 439 shares during the period. PNC Financial Services Group Inc. boosted its stake in Appian by 13.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,527 shares of the company’s stock worth $153,000 after purchasing an additional 305 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Appian in the 1st quarter worth approximately $962,000. 52.71% of the stock is currently owned by institutional investors.
Appian Price Performance
Shares of NASDAQ:APPN opened at $47.30 on Thursday. The firm’s 50 day moving average is $48.86 and its two-hundred day moving average is $43.98. Appian has a 52 week low of $29.80 and a 52 week high of $54.26. The firm has a market capitalization of $3.46 billion, a P/E ratio of -21.80 and a beta of 1.64. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.77.
Appian Company Profile
Appian Corporation provides low-code process automation platform in the United States and internationally. The company’s platform offers workflow, artificial intelligence, robotic process automation, data fabric, and process mining. It provides The Appian Platform, an integrated automation platform that enables organizations to design, automate, and optimize end-to-end processes and complex business operations.